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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 19, 1966
Page
2
The market extended its recovery into a second straight day on Thursday with minor gains in most indices. Volume remained light, the ninth straight day of subdued activity, while the Dow Jones and industrial averages closed higher for two days, but the advance was modest amid inflation worries and political uncertainty.
Don Joseph Mattos, 33, president of M. C. Corp. of Union City, Calif, is accused of conspiring to illegally record confidential communications at a rival firm. Foreman Robert Henderson, 31, arrested after attempting to remove a hidden microphone from an office window. Both men posted bail pending arraignment and face felony charges for recording confidential conversations.
The market shows diminished selling pressure this week but little buying interest remains. Traders expect clarity from potential tax changes, which could boost confidence and unlock a larger rally if announced.
Washington reports Labor Secretary Wirtz may implement a new farm wage plan in California following a successful Florida experiment. The plan, backed by California congressmen, proposes a guaranteed average wage with a possible 30 percent increase and incentives for domestic workers, while potentially easing citrus labor shortages.
Washington reports the United States has banned shipments to Southern Rhodesia of all commodities deemed important to its economy. The action broadens existing embargoes and targets key economic interests tied to the regime.
Washington reports 75 year old Chief Justice Warren shows no plan to step down or write memoirs. He suggests a compulsory retirement age for public officials if Congress and the people agree, while reflecting on personal health and a rare birthday celebration.
LOS ANGELES report notes U.S. Chief of Protocol Lloyd Hand denies talks with President Johnson about a California lieutenant governor bid. Hand arrived with family after resigning as protec tal chief and is expected to announce Tuesday. Senate-confirmed appointee James W. Symington replaces Hand. local politics shift as Assembly Speaker Unruh rumored as another candidate.
The Food and Drug Administration will review all drugs cleared for public use before 1962 as part of a broader regulatory tightening. Dr James L Goddard announced a full time bureau director will lead the effort with Joseph F Sadusk Jr ending his tenure April 15 and Robert J Robinson named acting director of the Bureau of Medicine.
Police used tear gas and clubs to control a mob of textile mill workers on strike at Sholapur, 300 miles from Bombay. The strikers hurled stones and forced shopkeepers to close their stores.
In Oxford Ole Miss students roar as Ethel Kennedy and Robert F Kennedy receive a warm campus welcome. Kennedy recalls the 1962 desegregation crisis while Sam Wilkins notes respect rather than approval. The scene frames lingering tensions from Mississippi’s civil rights era.
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